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Effects of a holiday trip on health and quality of life: evidence from a natural experiment in South Korea

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  • Sangkon Park
  • Cheolsung Park
  • Changhui Kang

Abstract

We examine whether having a holiday trip affects an individual’s well-being, namely quality of life, health status, stress level and health behaviours. We use the two-stage estimation method to control for endogeneity of a travel experience, exploiting a natural experiment of distributing Travel Vouchers at random among qualified applicants in South Korea in 2012. We find that, for applicants whose decision to travel is influenced by receiving a voucher, a travel experience has no significant effects on the traveller’s well-being measured 3–12 months later. We also find that the OLS estimates overstate benefits of a travel.

Suggested Citation

  • Sangkon Park & Cheolsung Park & Changhui Kang, 2018. "Effects of a holiday trip on health and quality of life: evidence from a natural experiment in South Korea," Applied Economics, Taylor & Francis Journals, vol. 50(42), pages 4556-4569, September.
    • Handle: RePEc:taf:applec:v:50:y:2018:i:42:p:4556-4569
    DOI: 10.1080/00036846.2018.1458194
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    Cited by:

    1. Hakjun Lee & Shik Heo, 2021. "Arts and Cultural Activities and Happiness: Evidence from Korea," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 16(4), pages 1637-1651, August.

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